Landstar System CEO Henry Gerkens' 2012 pay slips 18% to $2.2M
Landstar System reports 2012 executive compensation
By ExecPay News
Published: April 11, 2013
Landstar System reported fiscal year 2012 executive compensation information on April 11, 2013.
In 2012, five executives at Landstar System received on average a compensation package of $1.7M, a 42% increase compared to previous year.
Average pay of disclosed executives at Landstar System
Henry H. Gerkens, Chief Executive Officer, received $2.2M in total, which decreased by 18% compared to 2011. 72% of Gerkens' compensation, or $1.6M, was in non-equity incentive plan. Gerkens also received $62K of change in pension value and nonqualified deferred compensation earnings, $500K in salary, as well as $32K in other compensation.
James B. Gattoni, Chief Financial Officer, received a compensation package of $2M, which increased by 68% compared to previous year. 40% of the compensation package, or $806K, was in stock awards.
Patrick J. O'Malley, Vice President and Chief Commercial and Marketing Officer, earned $1.5M in 2012, a 56% increase compared to previous year.
Joseph J. Beacom, Vice President and Chief Safety and Operations Officer, received $1.5M in 2012, which increases by 86% compared to 2011.
Michael K. Kneller, General Counsel, earned $1.5M in 2012, a 64% increase compared to previous year.
Landstar System's fiscal year ends on December 28.
Related executives
Henry Gerkens
Landstar System
Chief Executive Officer
James Gattoni
Landstar System
Chief Executive Officer
Patrick O'Malley
Landstar System
Vice President and Chief Commercial and Marketing Officer
Joseph Beacom
Landstar System
Vice President and Chief Safety and Operations Officer
Michael Kneller
Landstar System
General Counsel
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Source: SEC filing on April 11, 2013.